SMH heads up at $209.43: Golden Genesis fib may Break-n-Retest

EuroMotif Mod Updated   
BATS:SMH   VanEck Semiconductor ETF
SMH just hit a Golden Genesis fib at $209.43.
That fib is reinforced by a Covid Stimulus fib.
This is a major landmark in this ETF's history.

$ 209.43 - 212.89 is the immediate resistance.
$ 236.36 - 238.96 is the next major resistance.
$ 191.21 - 191.90 below is the first good support.

It is PROBABLE that we orbit this zone for a while.
It is POSSIBLE that we break and retest for late buy.
It is PLAUSIBLE that we get a pullback here and now.

Here is a full view of the Genesis Sequence:

Perfect test of the resistance zone

Zoom IN (1 min)
red zone top boundary was pierced, but fell back down.

Overall looks bullish still, so likely to continue or orbit.


Break and pop EXACTLY to the next resistance

Zoom iN (h1)
Perfect Ping on top boundary, a Genesis fib. at $238.96

Zoom MORE (m1)
"Ping" = Exact and violent reflection off fib that you can almost HEAR.

Also notice the other Pings (blue arrows):
Those pings confirm all of our fibs,
and gives confidence in all other fibs.

Zoom OUT (m15) to look for pullback targets:
First guess is the sister fib of our bouncer above,
so we will wait at $209.43 for a possible buy.
If not, then a break and rest of $238.96 above,



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